World Premiere: It’s A Road Picture
The Road To Nowhere Staring Sarah Palin As
The Governor Who Never Accepts Earmarks
Until She Does
Fed and Treasury Offer to Work With Congress on Bailout Plan
By EDMUND L. ANDREWS
Published: September 18, 2008
WASHINGTON – The head of the Treasury and the Federal Reserve began discussions on Thursday with Congressional leaders on what could become the biggest bailout in United States history.
While details remain to be worked out, the plan is likely to authorize the government to buy distressed mortgages at deep discounts from banks and other institutions. The proposal could result in the most direct commitment of taxpayer funds so far in the financial crisis that Fed and Treasury officials say is the worst they have ever seen.
For Georgians, a Much-Needed Break
By Tara Bahrampour
Washington Post Foreign Service
Friday, September 19, 2008; Page A14
KVARIATI, Georgia — Kitty Arsenidze had beach plans in August, but then her country went to war. Russian troops occupied her town, Gori. A bomb hit her house. She spent her 50th birthday installing a new roof and windows. Only after the Russians left did she finally make it to the beach.
“We have so much stress after this bombing that I’m thinking that I have to make psychological healing,” she said, leaning on a green lawn chair by the Black Sea. “I feel better than in Gori.”The people swimming, sunbathing, and zipping around on water scooters this week did not look as if they had just suffered a crushing military defeat.
USA
Sarah Palin said yes, thanks, to a road to nowhere in Alaska
While seeking votes, she told Ketchikan residents she backed the ‘bridge to nowhere.’ As governor, she spent the money elsewhere and moved ahead with a $26-million road to the nonexistent bridge.
By Erika Hayasaki, Los Angeles Times Staff Writer
September 19, 2008
GRAVINA ISLAND, ALASKA — The 3.2-mile-long partially paved “road to nowhere” meanders from a small international airport on Gravina Island, home to 50 people, ending in a cul-de-sac close to a beach.Crews are working to finish it. But no one knows when anyone will need to drive it.
That’s because the $26-million road was designed to connect to the $398-million Gravina Island Bridge, more infamously known as the “bridge to nowhere.” Alaskan officials thought federal money would pay for the bridge, but Gov. Sarah Palin killed the project after it was ridiculed and Congress rescinded the money. Plans for the road moved forward anyway.Some residents of Ketchikan — a city of 8,000 on a neighboring island where the bridge was to end — see the road as a symbol of wasteful spending that Palin could have curtailed. Some of them even accuse her of deception.